Cision (NYSE:CISN) Downgraded by Royal Bank of Canada to Sector Perform

Royal Bank of Canada lowered shares of Cision (NYSE:CISN) from an outperform rating to a sector perform rating in a report released on Wednesday, The Fly reports.

Several other research analysts have also recently commented on CISN. ValuEngine raised Cision from a hold rating to a buy rating in a research report on Wednesday, October 2nd. William Blair cut Cision from an outperform rating to a market perform rating in a research report on Wednesday. Zacks Investment Research raised Cision from a sell rating to a hold rating in a report on Tuesday, October 15th. Cowen set a $14.00 price objective on Cision and gave the company a buy rating in a report on Monday, August 12th. Finally, BMO Capital Markets cut Cision from an outperform rating to a market perform rating and cut their price objective for the company from $14.00 to $10.00 in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $11.20.

CISN stock traded down $0.02 during midday trading on Wednesday, hitting $10.07. The stock had a trading volume of 7,729,720 shares, compared to its average volume of 854,086. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.13 and a beta of 0.81. Cision has a 52 week low of $6.02 and a 52 week high of $15.76. The stock has a 50-day simple moving average of $7.78 and a 200 day simple moving average of $9.91. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.75.

Cision (NYSE:CISN) last issued its earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $191.44 million. Cision had a positive return on equity of 27.68% and a negative net margin of 1.84%. Cision’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. On average, equities analysts forecast that Cision will post 0.77 EPS for the current year.

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new stake in shares of Cision in the third quarter valued at $30,000. Meeder Asset Management Inc. increased its stake in shares of Cision by 332.2% in the second quarter. Meeder Asset Management Inc. now owns 4,953 shares of the company’s stock valued at $58,000 after buying an additional 3,807 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cision by 290.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,216 shares of the company’s stock valued at $73,000 after buying an additional 4,624 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cision by 96.2% in the second quarter. Bank of Montreal Can now owns 7,653 shares of the company’s stock valued at $90,000 after buying an additional 3,753 shares in the last quarter. Finally, AlphaOne Investment Services LLC increased its stake in shares of Cision by 365.7% in the second quarter. AlphaOne Investment Services LLC now owns 8,914 shares of the company’s stock valued at $105,000 after buying an additional 7,000 shares in the last quarter. Institutional investors own 54.82% of the company’s stock.

Cision Company Profile

Cision Ltd. provides public relations (PR) software, media distribution, media intelligence, and related professional services to businesses worldwide. The company enables public relations and communications professionals to manage, execute, and measure their strategic PR and communications programs.

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Analyst Recommendations for Cision (NYSE:CISN)

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